Warner Bros. Discovery’s Q1 Revenue Drops as Audience and Market Challenges Persist
Warner Bros. Discovery reported Q1 2024 revenue decline of 7%, missing consensus, with EPS loss of $(0.40). DTC revenues flat, total subs at 99.6M.
Wix Launches New AI Tool for Quick and Easy Professional Portfolio Creation
Wix.com launches AI Portfolio Creator to simplify and enhance online portfolio creation. Uses AI technology to organize and display media professionally.
Roblox Issues Subpar Outlook, Stock Tanks To Yearly Low
Roblox Corp (NYSE: RBLX) reported 19% YoY growth in Q1 bookings to $923.80M, beating analyst estimates. Adjusted EPS loss of $(0.43) also beat expectations. Stock dropped 28.3% premarket.
Datadog’s Strong Start To 2024: Analysts Optimistic About Ongoing Market Leadership, ‘More/Faster Cloud Software Creation Is Better”
Morgan Stanley reiterated Overweight on Datadog with a $137 price target. Truist Securities maintains Buy with $155 target. DA Davidson stays Neutral at $115.
Perion Reports Strong Q1 Growth, Navigates New Microsoft Bing Ad Pricing Successfully
Perion Network reported Q1 2024 revenues of $157.82M, beating estimates, with increased daily searches and retail media revenue. Adjusted EPS was $0.44. Q2 revenue expected at $118M-$122M, FY2024 revenue expected at $590M-$610M.
Gilat’s Strategic Acquisitions Fuel Growth Amid Slight Revenue Shortfall
Gilat(NASDAQ: GILT) reported Q1 2024 revenue of $76.08M, missing analyst estimate. Adjusted EPS of $0.11 beat estimate. Cash on hand was $105.1M.
Mastercard’s New Tech Could Change How Banks Handle Money and Securities
Mastercard Inc (NYSE: MA) collaborates with major US banks to test ledger tech for unified settlement of tokenized assets, aiming to simplify and speed up global transactions while reducing errors and fraud risks.
Apple Reverses Sales Decline in China with Impressive March Shipment Growth
Apple's Chinese iPhone shipments rose 12% in March thanks to price cuts. This signals a rebound from previous declines and potential for market recovery.
Amazon Advances Towards Zero-Emissions with New Electric Trucks
Amazon revealed first of 12 Volvo electric big rigs for LA/Long Beach port, boosting net-zero goal. Amazon also deploys 13,500 EV vans nationwide.
Tesla Surprisingly Becomes Luminar’s Largest Lidar Customer, Contradicting Musk’s Past Criticism
Tesla CEO Elon Musk has criticized lidar technology, but Tesla is now Luminar's largest customer. Luminar's Q1 revenue was boosted by Tesla's 10% contribution.